Nguyen Tri Hieu, economist and senior financial expert What is Vietnam’s current standing with regards to Industry 4.0 and how deep has technology penetrated into the country’s economy? The Fourth Industrial Revolution is currently the buzzword across Vietnam, even though we have yet to finalise the 3.0 growth path. We still lag behind many countries in terms of economic development. However, we should not miss out on the global megatrend and position ourselves at the forefront of industrial development. This is a new era of irreversible development across the world, as well as for Vietnam. In fact, the country has been on the 4.0 path for a few years now, particularly in the field of high-technology. However, in low-tech fields such as agriculture, textile clothing or real estate, we are behind many other countries. We must achieve the dual and parallel tasks of carrying out reforms aligning with the 3.0 growth path and initiating 4.0. The implications of … [Read more...] about Industry 4.0 tech essential to build cashless economy
Action plan how to increase sales
With little evidence of progress in weekend talks to end a funding lapse which has triggered a partial government shutdown that’s now into a third week, Speaker Nancy Pelosi announced on Saturday that the House would start passing individual bills to re-open specific departments and agencies in the federal government, in a bid to put public pressure on Republicans over the shutdown dispute. “The senseless uncertainty and chaos of the Trump Shutdown must end, now,” Pelosi said in a written statement, announcing that the House would vote first on a spending measure to fund the Treasury Department and the Internal Revenue Service. “This action is ncessary so that the American people can receive their tax refunds on schedule,” Pelosi added. Last Thursday – hours after taking charge of the House – Democrats pushed through two spending measures to re-open departments which saw their funding dry up starting on December 22. Republicans have refused … [Read more...] about Democrats to pass more spending bills to pressure GOP on shutdown
Mark Zandi, The Washington Post Published 4:15 am PST, Thursday, January 3, 2019 SAN FRANCISCO, CA - APRIL 21: Pedestrians walk by an apartment for rent on April 21, 2015 in San Francisco, California. According to a report by Forbes magazine, San Francisco, Oakland and San Jose top the list of worst places in the nation for renters. Bay Area renters are faced with extremely low vacancy rates that have prompted high rents that average over $3,100 for a one bedroom in San Francisco. (Photo by Justin Sullivan/Getty Images) less SAN FRANCISCO, CA - APRIL 21: Pedestrians walk by an apartment for rent on April 21, 2015 in San Francisco, California. According to a report by Forbes magazine, San Francisco, Oakland and San Jose top the ... more Photo: Justin Sullivan/Getty Images Photo: Justin … [Read more...] about A national housing crisis is brewing. What actions can policymakers take to head it off?
opinion Nan Swift Published 10:00 PM EST Jan 2, 2019 A classic rule warns, “If you find yourself in a hole, stop digging.” Unfortunately, Congress and the Trump administration continue to dig taxpayers deeper, as misguided reactions to the trade war have combined to increase the deficit, dampen economic growth and harm the environment. Throughout 2018, many new tariff or retaliatory action announcements dealt farm country a blow — including those actions aimed at our allies. Tariffs on steel and aluminum increased the cost of equipment, repairs and infrastructure construction. As the trade war dragged on, China responded with tariffs on commodities like soybeans, corn and pork. Soybeans have been particularly affected due to their short shelf life, limited storage options, and the fact that China was the number-one market — by a long shot — purchasing a quarter of the U.S. crop. Instead of reversing course or taking other action … [Read more...] about Handouts to farmers no substitute for free markets
The Detroit News Published 11:55 PM EST Dec 31, 2018 Out with the old and in with the new doesn't quite fit Metro Detroit for 2019. The new year appears to be more of a transition period, as progress continues on major developments downtown. There isn't a glitzy arena opening or a skyscraper near completion. Motorists traveling over the Detroit River will still have to look to the Ambassador Bridge as the Gordie Howe International Bridge begins to take shape. For change, head west to Lansing, where a Democratic governor, attorney general and secretary of state take power. All eyes will be on Gov. Gretchen Whitmer and her work with the Republican-controlled Legislature. But many questions will likely be answered: Will Detroit finally show population gain? How will the new governor fix "the damn roads?" How will professional golf play out in its return to Detroit in June? Maybe 2019 should be greeted with a glass of whiskey from Two James instead … [Read more...] about 2019 in Michigan, Metro Detroit: What to expect